Australia's nib Group gains on sale of AUNZ travel insurance businesses
05/06/2026 04:12
BUZZ-Australia's nib Group gains on sale of AUNZ travel insurance businesses ** Shares of nib Group NHF.AX rise as much as 2% to A$6.56, post their largest intraday pct gain since May 25
** Insurer enters agreement with Allianz Group ALVG.DE unit AP for the sale of its Australian and New Zealand travel insurance businesses
** Deal for sale price of up to A$50 million ($35.63 million)
** Co and AP also enter strategic partnership through a long-term distribution of nib-branded travel insurance products to co's customers in the AUNZ region
** NHF stock down 4.6% YTD, including the day's moves
($1 = 1.4033 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
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